Just two days after he started a global trade war, Donald Trump is already walking back some of the tariffs he implemented—again.
In a Truth Social post Thursday, the president announced Mexico will not pay tariffs on any products that comply with the United States-Mexico-Canada Agreement, or USMCA, until April 2.
On Tuesday, Trump implemented 25 percent tariffs on Mexico and Canada, a disastrous move that plummeted financial markets and prompted retaliatory actions from both American trading partners.
Following the news, Mexican President Claudia Sheinbaum took a measured approach to dealing with the reactionary American leader. She promised to safeguard Mexico’s interests and announced she would implement tariffs of U.S. goods, but not until Sunday, giving her and Trump enough time to negotiate a deal. It worked.
“After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement.” Trump wrote on Truth Social Thursday. “I did this as an accommodation, and out of respect for, President Sheinbaum.”
It’s just the latest walkback from Trump, who is endlessly flip-flopping on a decision that would spur economic catastrophe across the U.S. and abroad.
He first threatened to impose tariffs on February 1, but later agreed to a 30-day pause after widespread backlash. After finally beginning the tariffs on Tuesday, he’s already granted a one-month exemption to U.S. automobile companies, and now to USMCA products.
Who knows what the next move will be in Trump’s relentless pursuit to implement tariffs, and rid the U.S. of its allies while he’s at it.
Hence then, the article about trump suddenly rolls back some mexico tariffs after trade war fears was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump Suddenly Rolls Back Some Mexico Tariffs After Trade War Fears )
Also on site :
- California Dreamin’: NBC Kicks Off 2028 L.A. Olympics Marketing Campaign With Kate Hudson (Exclusive)
- Zelensky tells BBC Putin has started WW3 and must be stopped
- ‘People, scale, infectious optimism’: Here’s why India could be the new kid on the AI block